Binance Quadruples User Base – Soon to Launch EUR Pairs

Binance-Quadruples-User-Base-–-Soon-to-Launch-eur-pair

Over the last six months Binance has seen a period of unparalleled growth. The world’s largest cryptocurrency exchange reported that its user base has quadrupled since the beginning of the year. The platform now has over 9 million users which is up more than 2 million from January according to this report from Bloomberg.

The company’s growth however has not been mirrored in its profits. During the bull market back in December, Binance made over $200 million in profit, as compared to the first quarter of 2018 which produced $150 million.

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Regardless of these figures, Binance’s trading volume is set to see a significant increase in the near future as the exchange is preparing to roll out its first fiat trading pairs, against the euro. The platform currently offers crypto to crypto trading pairs as well as and Tether. Utilizing the ability to serve as a fiat exchange with euro will make it even more attractive for investors.

In related news, Binance opened their office in Malta along with a new bank account last month. The exchange told Bloomberg that they plan to staff office with 100 employees soon.

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